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FG, states, LGs share N2.55tn for June

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The Federation Account Allocation Committee (FAAC) has shared ₦2.55 trillion as Federation Account revenue for June 2026 among the Federal Government, the 36 states and the 774 local government councils.

The allocation represents an increase of ₦250 billion from the ₦2.30 trillion shared in May, continuing the steady rise in monthly federation revenue this year.

The details are contained in a communiqué issued after the July 2026 FAAC meeting in Abuja and made available on Wednesday by the Director of Press and Public Relations, Office of the Accountant-General of the Federation, Mr. Bawa Mokwa.

According to the communiqué, the ₦2.55 trillion distributable revenue comprised ₦1.81 trillion statutory revenue and ₦740.72 billion Value Added Tax (VAT) revenue.

It stated that total gross revenue available in June stood at ₦4.50 trillion, out of which ₦160.74 billion was deducted as the cost of collection, while ₦1.79 trillion was recorded as transfers, interventions and refunds.

The committee disclosed that gross statutory revenue increased significantly from ₦2.65 trillion in May to ₦3.70 trillion in June, representing an increase of ₦1.05 trillion.

Gross VAT revenue also rose from ₦743.69 billion in May to ₦799.75 billion in June, an increase of ₦56.08 billion.

The communiqué attributed the improved revenue performance to stronger collections from major revenue sources.

“In June 2026, Companies Income Tax, Capital Gains Tax (CGT), Stamp Duties (SDT), Petroleum Royalties, Gas Flared, Rental & MOR, Value Added Tax, Import Duty and CET Levies increased significantly, while Petroleum Profit Tax, Hydrocarbon Tax, Mineral Royalties and Fees decreased considerably. Excise Duty increased only marginally,” it stated.

A breakdown of the allocation shows that the Federal Government received ₦923.44 billion, while the 36 state governments received ₦838.21 billion.

The 774 local government councils received ₦591.39 billion, while the oil-producing states shared ₦197.61 billion as 13 per cent derivation revenue.

Further analysis shows that from the ₦1.81 trillion statutory revenue, the Federal Government received ₦849.37 billion, the states received ₦430.81 billion, while the local government councils got ₦332.14 billion. The oil-producing states also received ₦197.61 billion as derivation revenue.

From the ₦740.72 billion VAT revenue, the Federal Government received ₦74.07 billion, the states received ₦407.40 billion, while local government councils received ₦259.25 billion.

The committee said the improved statutory and VAT collections lifted the June distributable revenue to one of the highest levels recorded this year, providing increased allocations to the three tiers of government.

 

 

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ADC appeals judgment that sacked David Mark

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The David Mark-led faction of the African Democratic Congress (ADC) has approached the Court of Appeal to challenge the Federal High Court judgement that removed its leadership.

The opposition party also disclosed that it had filed an application seeking a stay of execution of the judgement pending the hearing and determination of its appeal.

The party made this known in a statement on Friday, November 6, adding that it had formally notified the Independent National Electoral Commission (INEC) of the legal steps taken,

The appeal is against the judgement delivered by the Federal High Court in Abuja on November 5, 2026, in Suit No. FHC/ABJ/CS/1619/2025, involving Hon. Nafiu Bala Gombe and the ADC.

The party urged INEC to refrain from taking any further action on the matter until the Court of Appeal has considered the case.

It argued that the application for a stay of execution was yet to be decided and that the electoral commission should not take any step that could affect the outcome of the appeal.

According to the ADC, it expects INEC to respect the ongoing legal process and allow the appellate court to hear the matter before making any decision connected to the judgement.

The statement partly read, “The ADC is exercising its lawful right to appeal. The judgement is now being challenged before a higher court, and the legal process must be allowed to run its course.

“We expect INEC to uphold the law and take full account of the pending proceedings before making any consequential decisions.”

The party also urged its members and supporters to remain calm, insisting that the court judgement would not stop its political activities.

It said its campaigns would continue while it explored all available legal options to defend its position.

 

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TO WHOM IT MAY CONCERN: Anthony Emmanuel Ochele, Professional Barber, Haircut & Grooming Specialist

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Emmanuel Ochele is an experienced and dedicated professional barber with over 10 years of experience in hair cutting,styling and grooming. He specialises in low cuts, fades, skin fades, dreadlocks,twisting,beard trimming and hairline designs.

Having worked at Medax Executive Saloon, Ibadan (2013–2016) and subsequently established himself as a self-employed barber, he is committed to delivering quality services, maintaining high hygiene standards and ensuring customer satisfaction.

He is hardworking, creative, punctual and reliable, with excellent customer service and communication skills.

Contact Information:
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Address: sw7/265,nigerwest,ibadan,nigeria.

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Court sacks David Mark led Exco, nullifies Atiku’s candidature

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The Federal High Court in Abuja has nullified the leadership of the African Democratic Congress (ADC) led by Senator David Mark, declaring the caretaker committee that oversaw the party’s affairs illegal and invalidating all decisions taken by the committee.

The judgment, delivered on Thursday by Justice Peter Lifu, also affects the presidential primary that produced former Vice President Atiku Abubakar as the ADC’s flag bearer for the 2027 general elections.

Atiku, whose name had earlier been published by the Independent National Electoral Commission (INEC) as the party’s presidential candidate, had already selected former Rivers State Governor, Rotimi Amaechi, as his running mate.

The ruling followed a suit instituted by Nafiu Bala Gombe, a former National Deputy Chairman (North-East) of the ADC, who challenged the process through which the David Mark-led leadership assumed control of the party.

Gombe argued that following the resignation of the party’s former National Chairman, Chief Ralph Nwosu, he was constitutionally entitled to take over the leadership.

He consequently asked the court to invalidate all actions undertaken by the Mark-led leadership and restrain Senator Mark and Ogbeni Rauf Aregbesola from presenting themselves as the party’s National Chairman and National Secretary, respectively.

The plaintiff maintained that their emergence violated the ADC constitution and relevant provisions of the Electoral Act.

In suit No. FHC/ABJ/CS/1819/2025, the ADC, INEC, Senator David Mark, Aregbesola and Chief Ralph Nwosu were listed as defendants.

Justice Lifu upheld Gombe’s claims and granted the reliefs sought, effectively invalidating the authority of the caretaker committee and decisions taken under its leadership.

The verdict is expected to trigger fresh political uncertainty within the ADC, particularly over Atiku’s presidential ambition and the party’s preparations for the January 16, 2027 presidential election.

However, the party has vowed to challenge the judgment at the appellate court.

 

 

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